Finance and Economics Discussion Series: New Evidence on 401(k) Borrowing and Household Balance Sheets by Geng Li, Paul a. Smith

Finance and Economics Discussion Series: New Evidence on 401(k) Borrowing and Household Balance Sheets

Geng Li, Paul a. Smith

38 pages missing pub info (editions)

nonfiction politics challenging informative reflective medium-paced
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Despite news reports suggesting a rise in 401(k) borrowing in recent years, we find that the share of eligible households with 401(k) loans in the 2007 Survey of Consumer Finances was about 15 percent, roughly what it has been since 1995. We find ...

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